L & S Advisors Inc Has $3.79 Million Stake in Howmet Aerospace Inc. $HWM

L & S Advisors Inc reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 22.1% in the 2nd quarter, Holdings Channel reports. The firm owned 20,364 shares of the company’s stock after selling 5,773 shares during the period. L & S Advisors Inc’s holdings in Howmet Aerospace were worth $3,790,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Atlantic Union Bankshares Corp acquired a new position in Howmet Aerospace in the 2nd quarter valued at $32,000. Penserra Capital Management LLC grew its position in shares of Howmet Aerospace by 450.0% in the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $39,000. REAP Financial Group LLC lifted its position in shares of Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in Howmet Aerospace by 2,433.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock worth $42,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.8%

HWM stock opened at $201.34 on Friday. The company has a market cap of $80.95 billion, a P/E ratio of 58.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The stock’s 50 day simple moving average is $194.21 and its 200 day simple moving average is $180.34. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. TD Cowen upped their price target on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, UBS Group boosted their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.79.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.